Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Economy Widodo promotes one-time tax amnesty on wealth overseas President Joko Widodo appeals to wealthy Indonesians on Friday to bring offshore funds home for investment under a tax amnesty.
WATARU SUZUKI, Nikkei staff writer July 1, 2016 23:18 JST | ASEAN
JAKARTA -- Indonesia's President Joko Widodo urged the business community on Friday to invest patriotically using a tax amnesty that offers low rates to individuals who declare their assets overseas.
In a 20-minute speech, Widodo told an audience of hundreds of people at the tax department's headquarters in Jakarta that this is a one-time offer.
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